Hover over the red tabs to read the notes which will help you think about your income and your spending.If you accidentally delete the formatting or cells, try copying from an adjacent cell or from the top of the page to the right of the box marked 'fx' or click the ? icon in the top right hand side of your page to bring up Excel help.

Unless you are confident using spreadsheets, to avoid potential formatting issues, do not delete any rows or columns – just keep the amounts in these as £0.00.

Open the relevant pre-populated version of the budget spreadsheet above and save it to your computer.

If you prefer, why not work from a blank monthly budget. For example, moving costs, and for students from overseas flight and visa costs, depending on your circumstances.Įxample undergraduate budget: Example Undergraduate Monthly Budget Įxample postgraduate budget: Example Postgraduate Monthly Budget Įxample international budget: Example International Monthly Budget If you are a new student, remember to add any costs you will incur before enrolling at university. You can adjust the amounts in these examples according to your own income and spending, to create a personal budget. We have created spreadsheets with some worked examples of average student spending. There are different options for budget planners: It is important to calculate your shortfall amount, as you can then consider whether there are ways to increase your income and reduce your spending, to make your budget balance. By calculating your budget, you will know how much money you can afford to spend each week to stay within budget and avoid overspending. If your spending is more than your income, this is known as a shortfall in funding. You then deduct your total spending from your income. Planning a budget means calculating what your income and spending is.

Information for students on data protection and confidentiality.Domestic Abuse, including Forced Marriage.Students with a refugee or asylum background.Repeating, interrupting, transferring or withdrawing.Lastly, you get tax benefits 5 of up to ₹ 46,800/- on the premiums paid, under Section 80C of the Income Tax Act, 1961. You can also choose to pay the premium monthly, half-yearly, yearly, or stick to a one-time payment. This considerably adds to your overall earnings. In addition to this, the plan rewards you with loyalty additions 3 and wealth boosters 4 for staying invested for a longer period and paying all your premiums without any defaults. You can choose between equity, balance, and debt funds, and switch between these funds at any point in time, without any additional charges. The plan offers 4 portfolio strategies, and you can choose any of these as per your goals and risk appetite. This unit linked plan 2 offers two major benefits – Financial protection to your loved ones in the form of a life cover ^ as well as the opportunity to create significant funds for your financial goals. ICICI Pru LifeTime Classic 1 is an ideal wealth creation plan for long-term savings. Therefore, aim to start saving and investing from your first paycheck.

This gives you more time to grow your wealth, and get back higher returns in the longer run. It is advisable to start saving money as early in life as you can.

Personal budget management